Month: May 2014

My Entrepreneurial Inspiration

Since quitting my “real” job to become a full-time writer, I’ve heard many rather negative comments from friends and family who seem absolutely shocked that I’d quit a stable, solid-paying full time job to hide in my home office every day. The comments went all over the place, ranging from a general idea that I …

Categories: Entrepreneurship

Frugality’s Perception Problem

In the comments of my recent review of You’re So Money, partgypsy left a very interesting comment: My sister lusts after those kind of items, and spends all her disposable (and some non-disposable) income on clothes. She seeing eventually owning a home, or retirement as being out of her reach, but she can still buy …

Categories: Frugality

Reader Mailbag #14

Each Monday, The Simple Dollar opens up the reader mailbags and answers ten to twenty simple questions offered up by the readers on personal finance topics and many other things. Got a question? Ask it in the comments. You might also enjoy the archive of earlier reader mailbags. As usual, we’ll start things off with …

Categories: Reader Mailbag

Review: The Creative Habit

Each Sunday, The Simple Dollar reviews a personal productivity, personal development, or business book of interest. Many people in the information economy are creative workers. Writers. Programmers. Photoshop wizards. Bloggers. Photographers. Analysts. Businesspeople. Engineers. And many more. We all use the creativity locked within our minds to achieve amazing things. Things that inspire and inform …

Discussion: What Should Be Part of a High School Consumer Education Curriculum?

Over the last few months, I’ve become very interested in the teaching of consumer education in high schools, especially as it pertains to preparing high schoolers for the challenges that they’ll face in the real world: going to college, paying for college, buying a car, buying a house, dealing with debt, finding a good job, …

Categories: Education

Is Your Career Really Your Most Valuable Asset? I Say No

I came across an article recently at Free Money Finance that argued strongly on behalf of the idea that one’s career is their most valuable asset. To quote: But I wanted to have one post where I listed the main reasons I think it’s so important to your financial health, so here goes. It pays …

Making Frugality a Game

If you have a spouse or a close friend and you’ve both recently made a commitment to saving money, why not try making it into a competition? First, a big disclaimer: my wife and I are naturally competitive with each other. We compete at the most absurd things – who can blow up a bigger …

Categories: Frugality, Games

Review: You’re So Money

Each Friday, The Simple Dollar reviews a personal finance book of interest. A few weeks ago, I piqued the interest of many readers by mentioning offhand that I’d recently read a personal finance book that “ticked me off almost as much as Rich Dad, Poor Dad.” Well, this is it. Let me start off by …

Categories: Books

Ten Clever Money Savers You Might Want To Try This Weekend

I’ve been collecting a bunch of interesting little money saving tips over the last few months. Here are ten worth looking into. Buy a turkey and put it on ice. Turkeys sold in June are roughly half the price of turkeys sold in November. You can freeze a turkey forever, and after only six months, …

Categories: Frugality

Got Credit Card Debt? Ten Tactics to Use Right Now to Get It Under Control

Jon writes in: I have a bunch of credit card debt spread across several different cards and I’m having a hard time getting started paying them off. You’ve offered a lot of little solutions for debt removal, but I need a plan I can execute to deal with these credit cards. How can I get …

Money Magazine’s “7 Investments You Need Now,” Portfolio Theory, and My Own Plans for the Future

The most recent issue of Money Magazine had a blaring cover story: “The Only 7 Investments You Need Now.” Those were some tall words, and I was intrigued about what they had to say. Their seven investments: 1. A blue-chip U.S. stock fund 2. A blue-chip foreign stock fund 3. A small-company fund 4. A …

Categories: Investing

The Simple Dollar Weekly Roundup: My Hidden Agenda Edition

Most writers and speakers have a hidden agenda, and I’m no different (be patient, I’ll let you in on my agenda in due time). The average book author has several agendas. The writer wants to write something interesting enough that people will buy it, above all else. That usually means providing an exciting story or …

Categories: Morning Roundup

How to Save Money, Express a Wonderful Sentiment, and Defeat the Greeting Card Companies All at Once!

One thing that always frustrates me is when someone gives me a Hallmark greeting card along with a gift. Not only does one generally cost $3 to $4, the sentiment inside is often rather impersonal, merely the best fit of the choices one might find in the card aisle at a Hallmark store. Unfortunately, many …

Thoughts on Bridge

The photo above depicts Warren Buffett and Bill Gates at a bridge event in Omaha, Nebraska in 2006. They were spending an afternoon playing bridge, an intellectually challenging and quite enjoyable card game that only requires you to have a deck of cards, three friends to play with, a pencil and a pad to keep …

Categories: Frugality, Games

Planning for the Long Haul: My Family’s Lifetime Financial Plan

Recently, I mentioned that my wife and I have developed a financial plan to cover our entire life until retirement, and several readers wrote to me asking for more details about this plan. So, let’s take a look and see what I was talking about – and perhaps it will inspire you to do the …

Categories: Planning

Reader Mailbag #13

Each Monday, The Simple Dollar opens up the reader mailbags and answers ten to twenty simple questions offered up by the readers on personal finance topics and many other things. Got a question? Ask it in the comments. You might also enjoy the archive of earlier reader mailbags. As usual, we’ll start things off with …

Categories: Reader Mailbag

Review: Order from Chaos

Each Sunday, The Simple Dollar reviews a personal productivity, personal development, or business book of interest. “Do you miss important deadlines at work? Forget to return urgent phone calls? Lose papers that were ‘just here a minute ago’? Have multiple layers of sticky notes on your computer? Leave projects unfinished for days, weeks, or even …

Financial Independence as a Goal

Whenever I read personal finance books and articles, I often see the term “financial independence” bandied about. To some, it merely means not relying on a parent or other loved one to help pay the bills. For others, it means freedom from all debt. For yet others, it means freedom from having to work for …